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Business Segment Data
 9 Months Ended
Sep. 30, 2015
Business Segment Data [Abstract]  
Business Segment Data

Note 5 – Business Segment Data

 

The Company has identified two reportable segments. One is the regulated business of collecting, treating and distributing water on a retail and wholesale basis to residential, commercial, industrial and fire protection customers in parts of New Jersey, Delaware and Pennsylvania. This segment also includes regulated wastewater systems in New Jersey and Delaware. The Company is subject to regulations as to its rates, services and other matters by New Jersey, Delaware and Pennsylvania with respect to utility services within these states. The other segment is primarily comprised of non-regulated contract services for the operation and maintenance of municipal and private water and wastewater systems in New Jersey and Delaware. Inter-segment transactions relating to operational costs are treated as pass-through expenses. Finance charges on inter-segment loan activities are based on interest rates that are below what would normally be charged by a third party lender.


    (In Thousands)
  Three Months Ended Nine Months Ended
  September 30, September 30,
Operations by Segments:   2015   2014 2015 2014
Revenues:                                
   Regulated   $ 31,120     $ 29,346     $ 83,998     $ 78,719  
   Non – Regulated     3,650       3,492       11,445       10,752  
Inter-segment Elimination     (116 )      (169 )     (343 )     (439 )
Consolidated Revenues   $ 34,654     $ 32,669     $ 95,100     $ 89,032  
                                 
Operating Income:                                
   Regulated   $ 10,938     $ 11,039     $ 25,774     $ 24,585  
   Non – Regulated     522       581       1,604       1,748  
Consolidated Operating Income   $ 11,460     $ 11,620     $ 27,378     $ 26,333  
                                 
Net Income:                                
   Regulated   $ 6,466     $ 6,458     $ 14,653     $ 13,753  
   Non – Regulated   277     300       814       901  
Consolidated Net Income   $ 6,743     $ 6,758     $ 15,467     $ 14,654  
                             
Capital Expenditures:                            
  Regulated   $ 6,613  
$ 7,211     $ 19,232     $ 15,685  
   Non – Regulated   38     67       65       98  
Total Capital Expenditures   $ 6,651     $ 7,278     $ 19,297     $ 15,783  

 

As of As of
September 30, December 31,
2015 2014
Assets:        
   Regulated   $ 600,452     $ 574,854  
   Non – Regulated     6,991       7,252  
Inter-segment Elimination     (4,364 )     (6,334 )
Consolidated Assets   $ 603,079     $ 575,772